20th September 2022 - 3 min read
Maybank has notified customers that it is permanently moving its Secure2u activation from the Maybank2u app to the MAE by Maybank2u (MAE) app, effective 26 September 2022. On top of that, the bank is also enhancing the Secure2u feature on the MAE app with a 12-hour activation period when customers enable it on a new device, starting from 8 October 2022.
In a notice, Maybank clarified that this decision to move the Secure2u activation from the Maybank2u app to the MAE app will only affect new Secure2u activations. So if you’ve already activated Secure2u on your Maybank2u app prior to this, you can continue to use it on the app to approve your transactions as usual. However, Maybank strongly encourages users to switch over to the MAE app for all Secure2u approvals as it is planning to phase out the Maybank2u app eventually, leaving MAE app as the bank’s sole mobile banking app.
In addition to that, Maybank noted that it is also taking steps to boost its online banking security by introducing a 12-hour activation period to the Secure2u feature. Essentially, this means that you’ll need to wait for 12 hours before you can begin using Secure2u to authorise transactions if you were to enable the feature on a new device. “This helps to prevent unauthorised approvals,” the bank further stated in its notice.
If you’re prepared to activate Secure2u on your MAE app, the process to do so is quite straightforward, as you can see here:
Maybank describes Secure2u as a “safer and more convenient way to authorise your Maybank2u and MAE transactions” in comparison to its predecessor, SMS TAC, which has been phased out by the bank. Secure2u utilises two authorisation methods: Secure Verification and Secure TAC. To explain, Secure Verification pushes a notification to your smartphone so you can approve or reject a transaction, whereas Secure TAC produces a six-digit TAC within the app to authorise your transactions. The feature was initially enabled only on the Maybank2u app, and was eventually made available for the MAE app in April 2021.
Aside from permanently moving its Secure2u feature, Maybank had also recently announced that it is shifting selected functions of its Amanah Saham Nasional Berhad (ASNB) services from the Maybank2u app to the MAE app as well. This shift is also set to take effect in October 2022.
Subscribe to our exclusive weekly newsletter and we’ll bring you the week’s highlights of financial news, expert tips, guides, and the latest credit card and e-wallet deals.
Stay tuned for what’s to come next in the personal finance world